Overview
What is The Elms Inc?
The Elms Inc, located at 70 Lyman Street, Holyoke, MA 01040, is a dedicated nonprofit organization. Its primary mission is to provide housing facilities tailored to the unique needs of elderly persons and individuals with disabilities. These accommodations encompass physical, social, psychological, and lifestyle requirements, ensuring a comfortable and supportive living environment. With a team of four dedicated employees, The Elms Inc is committed to enhancing the quality of life for its tenants, making a significant contribution to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Elms Inc has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management. With an overall score derived entirely from its Accountability & Finance metrics, the organization excels in several key areas, including a perfect score for having an independent board and maintaining robust financial practices. The high program expense ratio indicates that a significant majority of its funding is directed towards its programs, which is a positive sign for donors.
Strengths highlighted include the organization's independent board composition, which consists of 100% independent members, and the absence of any material diversion of assets, ensuring that funds are utilized effectively. Additionally, The Elms Inc has thorough policies in place for conflict of interest, whistleblowing, and document retention, which contribute to its transparency and operational integrity.
While the charity demonstrates strong accountability measures, potential donors should consider the overall rating within the context of other organizations in the sector. A Three-Star rating suggests room for improvement in certain areas, though the current data indicates a robust commitment to governance and financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is The Elms Inc legitimate?
The Elms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Elms Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,567
For more financial information, click here
What is the mission statement of The Elms Inc?
The Elms Inc's mission is centered around providing housing facilities for elderly persons and individuals with disabilities. These facilities are meticulously designed to cater to the physical, social, psychological, and lifestyle needs of the tenants. The organization aims to offer a living environment that ensures the well-being and comfort of its residents, tailoring its services to their specific requirements. Currently, The Elms Inc. provides 47 apartments for rental use, all of which are equipped with facilities and services tailored to the unique needs of elderly persons and handicapped individuals.
Who is the CEO of The Elms Inc?
Michael Moriarty is the Clerk (End 9-1-21) of The Elms Inc.
What is the revenue of The Elms Inc?
The Elms Inc's revenue in 2022 was $790,107.
Who are the executives of The Elms Inc and what are their salaries?
The average compensation at The Elms Inc during 2022 was $7,142. There are 4 employees and 35 volunteers at The Elms Inc.
Here are 7 key members and their salaries:
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- Related: $88,053
- Other: $23,434
Where can I find the form 990 for The Elms Inc?
The Elms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Elms Inc
The Elms Inc, a nonprofit organization, is dedicated to providing housing facilities for elderly persons and individuals with disabilities. Their mission is to create living spaces that cater to the unique physical, social, psychological, and lifestyle needs of these tenants. These facilities are meticulously designed to offer a sense of security, companionship, and independence to the residents, ensuring they lead comfortable and fulfilling lives. The Elms Inc houses 47 apartments, each equipped with amenities tailored to the specific needs of the elderly and disabled residents, ensuring they can live with dignity and autonomy.
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Impact
October, 2024
The Elms Inc significantly enhances the quality of life for elderly and handicapped individuals by providing specialized housing facilities that cater to their unique needs. With 47 apartments available for rental, the organization offers safe and accessible living environments designed to support residents' physical, social, psychological, and lifestyle requirements.
By creating a community where elderly and handicapped persons can thrive, The Elms Inc addresses critical issues of isolation and accessibility, enabling residents to maintain their independence while receiving the support necessary for their day-to-day activities. This impact extends beyond mere housing, fostering a sense of belonging, security, and well-being for individuals who might otherwise struggle to find suitable living arrangements. Through its mission, The Elms Inc plays a vital role in enhancing the overall health and happiness of its residents in Holyoke, MA.
This information is meant to be a general summary of The Elms Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $335
- Program Service Revenue: $729,362
- Gross Receipts: $790,107
Assets and Liabilities:
- Total Assets: $1,997,465
- Total Liabilities: $4,271,659
- Net Assets: -$2,274,194
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$729,362
Organization Details
Founding Year
1983
Phone
(413) 533-7101Principal Officer
Michael Moriarty
Main Address
70 LYMAN STREET, HOLYOKE, MA, 01040
NTEE Category
Code: L22 - Housing
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